Philippine Long Distance Telephone Co. (PHI) Shares Up 1.9%
Shares of Philippine Long Distance Telephone Co. (NYSE:PHI) shot up 1.9% on Monday . The company traded as high as $44.77 and last traded at $44.69, with a volume of 105,109 shares. The stock had previously closed at $43.84.
A number of brokerages have recently weighed in on PHI. Credit Suisse Group AG upgraded Philippine Long Distance Telephone from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 31st. Zacks Investment Research cut Philippine Long Distance Telephone from a “buy” rating to a “sell” rating in a research report on Friday, May 6th.
The stock has a 50-day moving average price of $43.93 and a 200 day moving average price of $41.50. The firm has a market capitalization of $9.67 billion and a price-to-earnings ratio of 24.12.
A hedge fund recently raised its stake in Philippine Long Distance Telephone stock. First Trust Advisors LP increased its stake in shares of Philippine Long Distance Telephone Co. (NYSE:PHI) by 16.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 114,739 shares of the company’s stock after buying an additional 16,321 shares during the period. First Trust Advisors LP owned about 0.05% of Philippine Long Distance Telephone worth $4,905,000 as of its most recent filing with the SEC.
Philippine Long Distance Telephone Company (PLDT) is a telecommunications service provider in the Philippines. The Company operates through three business segments: Wireless, Fixed Line and Others. The Company, through its three business segments, offers a range of telecommunications services across the Philippines’ fiber optic backbone and wireless and fixed line networks.
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